But what anyone investing in gold should look at is the long-term gold price outlook and the driving forces behind it.

The fundamentals here will push gold prices above the current levels around $1,350 and above $1,400 an ounce in the months ahead, and higher next year.

Here's why you can bet on higher gold prices in 2014…

Gold Prices and Chinese Imports

With most commodities, investors should not look to the "paper" commodities market for guidance, but to the actual physical demand coming from the billions of people in the emerging world.

Gold is no different.

Take China, for example.

Gold imports into the country from Hong Kong continue at a robust rate, underpinning gold prices.

China imported 129.2 metric tons of gold in July, up from 113 tons in June. That is 70% higher than year ago imports of 75.8 metric tons. July was the third consecutive month that imports exceeded the 100-ton level.

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